Frequently Asked Questions

  

 

When was Capstone Infrastructure Corporation formed?

Capstone Infrastructure Corporation was formerly Macquarie Power and Infrastructure Corporation, which succeeded Macquarie Power & Infrastructure Corporation following our corporate conversion on January 1, 2011. We publicly listed on the Toronto Stock Exchange in April 2004, where our preferred shares trade under the symbol CSE.PR.A.

What are Capstone Infrastructure’s investment objectives?

Our mission is to provide investors with an attractive total return from responsibly managed long-term investments in core infrastructure in Canada and internationally.  This could include operating infrastructure businesses as well as selective development or growth projects in the power and utilities sectors.

How do you define infrastructure?

Infrastructure is an essential part of any modern community, providing the underlying foundation of basic services, facilities and institutions. Infrastructure assets include roads and highways, bridges, power generation facilities, electricity transmission and distribution systems, water distribution, hospitals, schools, sea ports and airports. We focus on regulated or contractually defined infrastructure assets, which are typically lower risk and generate stable cash flow.

What are Capstone Infrastructure’s businesses?

Our portfolio currently comprises power infrastructure, including gas cogeneration, wind, hydro, biomass and solar power generation facilities, representing approximately net 505 MW of installed capacity, and a pipeline of wind power development projects totalling net 19 MW.  We also have an international investment, a 33% interest in a district heating business in Sweden.

How many people does Capstone Infrastructure employ?

We have more than 100 employees in Canada across our head office and power infrastructure businesses.  Värmevärden has 92 employees.

What is Capstone Infrastructure’s governance structure?

We are governed by a seven-person Board of Directors composed of:

  • Paul Malan
  • Michael Smerdon
  • David Eva
  • Richard Knowles
  • Adele Malo
  • Gary Eade
  • Enis Moran
  • Janet Woodruff

More information about our governance structure is available in the Governance section of our website.

How many preferred shares does Capstone Infrastructure have outstanding?

We have 3 million common shares outstanding as at December 31, 2015. 

How do I buy Capstone Infrastructure shares?

Our preferred shares trade on the Toronto Stock Exchange under the symbol CSE.PR.A. Please contact a brokerage firm if you wish to purchase shares.

When is Capstone Infrastructure’s year end? When does Capstone Infrastructure report quarterly results?

Our fiscal year end is December 31. Our quarterly results are released within 45 days of each quarter end.

What kind of growth opportunities are you looking for?

Our strategy is to develop, acquire and manage a portfolio of high quality utilities and power businesses in countries that are members of the Organization for Economic Cooperation and Development.  Capstone focuses primarily on North America, the United Kingdom, and Northern and Western Europe, with Australia and New Zealand also being regions of interest. When pursuing new investment opportunities, we focus on the quality of future cash flow streams and risks.

How do I contact Capstone Infrastructure’s transfer agent?

Our common share transfer agent and registrar is Computershare Investor Services Inc. Computershare’s toll-free number, if calling within Canada or the United States, is +1 (800) 564-6253. The international phone number is +1 (514) 982-7555.

All correspondence can be sent to:
Computershare Investor Services Inc.
100 University Avenue, 9th Floor
Toronto, Ontario M5J 2Y1
Canada

How do I contact management?

Our mailing address is 155 Wellington Street West, Suite 2930, Toronto, Ontario, M5V 3H1 and our telephone number is 416-649-1300. For email inquiries, please contact info@capstoneinfra.com